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Annual Report 2018

ROS AGRО PLC (LSE: AGRO) has announced completion of the harvesting campaign

27.12.18

The Company has completed the harvesting campaign in Belgorod, Tambov, Kursk, Orel and Voronezh regions and Primorsky Krai. Gross yields in 2018 reached 4,931 thousand tonnes (+0.1%). Yields decrease of 6% was partially compensated by the growth of cultivated land area by 31 thousand hectares (+6%).

Gross yields of grains declined to 1,045 thousand tonnes (-9%) as the result of wheat and barley yields drop by 19% and 13% respectively. Also, cultivated land area of wheat and corn augmented by 19 thousand hectares (+13%) and 3 thousand hectares (+14%) respectively, while barley’s area decreased by 16 thousand hectares (-22%).

Gross yields of oil crops rose to 326 thousand tonnes (+45%) due to an increase of cultivated land area under sunflower seeds and soybeans to 169 thousand hectares (+12%) and yields growth of 33% and 29% respectively.

Change of cultivated land area was triggered by the review of crop rotation plan that tracks profitability of individual fields and by the land bank increase in Primorsky Krai and Tambov region. Yields of the crops were influenced by weather conditions, particularly by critical high level of precipitation during the harvesting campaign.

As at the end of 2018, there are 441 thousand tonnes of grains, 173 thousand tonnes of soybeans and 8 thousand tonnes of sunflower seeds on the stocks of Agricultural business division.

Detailed results of the harvest campaign of 2018 are shown below:

2018

Crop

Area,

ths ha

Yields,

t/ha

Gross yield,

ths t

Sugar beet

89

39.1

3,489

Wheat

167

4.0

672

Barley

57

3.5

202

Soybean

145

1.8

265

Corn

28

6.2

172

Sunflower seeds

23

2.6

61

Other*

23

3.0

71

Total

533

9.3

4,931

*incl.: peas, mustard seeds, lupine, buckwheat, fodder crops

Comparison of the results of harvest campaign of 2018 vs. results of 2017 are shown below: